Chapter 7: Buy Some Time with Foreclosure in Texas

When you make the decision to file for Chapter 7 bankruptcy with foreclosure on the horizon, a bankruptcy court will issue an “automatic stay.” This integral part of bankruptcy cases will inform your creditors that they must immediately stop any attempts to collect debt. This will buy you some time as you decide whether to proceed with the foreclosure or fight it. To get a thorough understanding of your options, you should meet with a Dallas bankruptcy attorney.

Understanding Automatic Stay

In the event that your home is headed for a foreclosure sale, the sale will be put on hold while Chapter 7 is pending, usually for up to 4 months. Understand, however, that there are exceptions to this rule:

If the lender files a successful motion to lift the automatic stay, the foreclosure sale could be postponed by 2 months instead of 4. If the lender is slow to pursue a motion to lift the stay, you will have more time before the sale as well.

If a foreclosure notice has already been filed, an automatic stay may not buy you any extra time. Your attorney can explain in detail the intricacies of an automatic stay underTexas laws.

It can be very frustrating to face the prospect of foreclosure, but filing for Chapter 7 can help you stay afloat and maybe even allow you to breathe a bit easier.

Contacting a Dallas Bankruptcy Attorney

At Warren & Migliaccio, our goal is to protect you and your family so that you can take the necessary steps to plan proactively for your future. When financial circumstances outside of your control threaten your wellbeing, take control of your situation by contacting ourDallas law firm. We’ll explain bankruptcy rules of procedure and guide you through the legal process so you can make informed decisions and choose the best course of action. If a personalized, teamwork-driven approach sounds like what you need for your case, call 1-888-584-9614 today to contact us. We’re here to help.

Follow Us

We worked with Chris and other staff. Chris from the start really worked with us as we were unsure what to do next and what was the best option for us. Chris spent a great deal of time with me on the phone, over email as well as meeting with my husband and I in his office. It can be scary to have the unknowns as we did and he really helped. When dealing with things you just don't know about you have to find someone you can trust to lean on and let them handle it; you can't be an expert on everything. The staff were so helpful and there was never a question on what we needed to get them or needed to do during the process. We were prepared 100% for what was to come and even months after the staff was quick to follow up to make sure that we did not have any questions or have anyone contacting us. They even helped figure out the 'what next' and 'where to go from here' that comes up. I would recommend them to anyone finding themselves facing financial struggle and trying to decide what to do. They give a free consultation over the phone or in the office; worth the call to find out your options.

I recommend Warren and Migliaccio to anyone who like myself, had no idea of what to do next. They were open and honest to me about my bankruptcy. They took time and explained the whole process to me beforehand. I was treated I'm sure, as their more prominent clients even though I'm a single senior with a limited income. They helped me maintain my dignity and I'm sure my sanity too.

I would strongly recommend anyone needing a family law attorney use this office. The staff is so friendly, helpful, and knowledgeable. Gary Warren and Ryan Bauerle were the ones that helped me with a very rough child custody case and they were absolutely amazing. They are very nice guys but they will fight for you!!! I am truly happy that I used them for the case, I could not have asked for a better attorney! Ryan helped me and my husband so much and explained everything so well to us! I can't thank them enough for all they did for me and my family! So anyone please take my advice, if you need a family law attorney give Ryan a call!!!

Everyone in this attorney's office was wonderful! We had one matter that we needed assistance with last year, but they were not able to assist us with it, however Christopher Migliaccio was kind enough to provide us with a list of attorneys who would be able to help. Over the last couple of weeks, we decided to update our wills and powers of attorney and it could not have been any easier to do. They made it so we only had to make one trip to their office to take care of everything. If we need anything else, I would be most happy to do business with them again!